There was little movement in interest rates this week as we remained at the lowest levels we’ve seen in the last few months. The markets seem to remain in this ‘wait and see” approach in regards to the direction of the U.S. economy as a whole. In addition, the situation in the Ukraine is escalating. Global conflicts like this will often move money into the safe haven of bonds and could move rates lower, but we’ve yet to see that impact. In specifics to our housing industry; we obtained a red hot New Home Sales report this week. The report indicated New Home sales were far greater in January than the market had expected…it was the highest level reported since 2008!
Trident Mortgage Rate Sheet 3-2-2014